Page 635 - Company News

Samsung plans global job cuts of up to 30% in some divisions: Report

South Korea-based Samsung has instructed subsidiaries worldwide to reduce sales and marketing staff by about 15 per cent and the administrative staff by up to 30 per cent

APSEZ, DPA to develop multipurpose berth at Gujarat's Kandla Port

APSEZ has incorporated a wholly-owned subsidiary, DPA Container and Clean Cargo Terminal Limited (DPACCCTL), that will carry out operations at the berth

UK clears decks for GBP 500 mn grant for Tata Steel's Port Talbot project

This is part of the 1.25 billion pound green steel project in Port Talbot, of which Tata Steel's investment is to the tune of 750 million pounds

Should build manufacturing economy greener than China's: Tata Steel CEO

While addressing a panel discussion at AIMA Convention here, Narendran stressed the need to make the transition to a green manufacturing economy at a fast pace, else India would lose market share

Vedanta Resources gets $900 mn via first dollar bond issue to prepay loans

Bond received final orders of $1.45 billion from investors across the globe representing an oversubscription of over 1.6 times, reinforcing confidence of these investors in Vedanta story, they said

26-yr-old arrested after setting Ola Electric's showroom ablaze in K'taka

The incident comes amid growing public ire over servicing at Ola Electric, India's no.1 e-scooter maker

Nibe shoots for stars with Earth observation satellite constellation

Partners global giants to orbit India's space self-reliance

Tamil Nadu, Ford Motor in talks to restart production eyeing global market

Tamil Nadu Chief Minister M K Stalin visited Ford headquarters in Michigan on Tuesday and held detailed discussions with its top management, urging them to restart production

JSW MG sparks revolution in EV industry with bold Windsor pricing

Parth Jindal, Director, JSW MG Motor India, indicated the company is not satisfied with being a small player in India and has introduced this pricing model, and other benefits, to disrupt the electric

Mother Dairy aims to up FY25 revenue by at least 10% on summers, festivals

It currently has a network of nine own dairy plants and four Safal plants

SpiceJet to pay elderly couple full refund for flight cancelled in Covid

The district consumer disputes redressal commission (Mumbai suburban) passed the order last month and its details were available recently

Investors demanded sustainability over rapid growth: GoMechanic's Kakkar

The company earlier this year announced plans to expand its presence 20 times from 50 cities to 1,000 cities by 2027

ED seizes Rs 12.9 lakh in Axis Mutual Fund's alleged front-running case

Front-running is a market malpractice of making personal gains by trading in securities ahead of large client orders

Strides Pharma gets shareholders' nod to set up speciality pharma CDMO

The company has secured the approval of its shareholders and secured creditors with overwhelming majority, along with those of OneSource Specialty Pharma and SteriScience Specialties

Demerger of Vedanta's key businesses likely to happen by end of FY25

The proposed demerger will create independent companies housing aluminium, oil and gas, power, steel and ferrous materials, and base metals businesses

Lam Research expands virtual semiconductor training to 20 Indian varsities

The virtual semiconductor training programme aims to train more than 60000 students over next decade

Mail meets mileage: India Post stamps out range anxiety, enters EV charging

Ties up with ThunderPlus to deliver EV charging to Sainikpuri PO in Hyderabad and beyond

Delhi HC upholds order allowing grounding engines leased to SpiceJet

The division bench rejected cash-strapped airline SpiceJet's plea, saying it did not agree with the single-judge order and asked the parties to settle

Restart car manufacturing in Chennai, Tamil Nadu CM urges Ford Motor

Stalin visited Ford officials including President, International Markets Group, Kay Hart on September 10, 2024, and urged them to revive car manufacturing and expand their global centre in Chennai

Vedanta urges govt to talk with Japan, S Korea to end nickel sulphate duty

Vedanta and some smaller firms turn nickel ores imported primarily from Australia, Indonesia and Turkey into nickel sulphate before shipping it to South Korea, Japan and other countries